Amid the RBI’s June’25 forthcoming monetary policy, the global economic & political scenario remains volatile due to Trump’s uncertain policies including trade protectionism and tariff related aspects. For instance, Trump highlighted that he was unhappy with European negotiating tactics, announced his intention to impose 50 percent tariffs on goods imported from the European Union, a rate that would effectively eliminate trans-Atlantic trade.
However, after talking with Ursula von der Leyen, the president of the European Commission, he announced that the tariffs would be postponed until 9th July 2025.